USD/RON may rise to 4.6769 - 4.7171

4.5333 is our pivot point.

Our preference

The upside prevails as long as 4.5333 is support.

Alternative scenario

The downside breakout of 4.5333 would call for 4.4659 and 4.4257.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4.5310 and 4.5016).

Supports and resistances

4.7975 **

4.7573 *

4.7171 **

4.6769

4.5911 last

4.5598

4.5333 **

4.4659 *

4.4257 **

Number of asterisks represents the strength of support and resistance levels.